Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
We are pleased to present this exceptionally rare opportunity to acquire the largest ocean front apartment building in San Diego’s Mission Beach, The Mariner Apartments. This sixteen-unit building enjoys 84 feet of beach frontage along a 6,700+ square foot lot in beautiful South Mission Beach. This is the first time this building has ever been offered for sale. The Mariner Apartments provide an opportunity for a forward-thinking investor to perform high-end renovations and create a trophy asset for their portfolio. » An investor could modernize and upgrade the building while retaining the existing unit floorplans. » Contingent upon City of San Diego approvals, a purchaser could also reconfigure floorplans to divide the 2,500+ sf penthouse into multiple oceanfront apartments and/or merge adjacent studios into larger units. » Alternately, a buyer may wish to retain and customize the penthouse for personal use. All of the units feature private patios or decks. The seven 2-bedroom units and the 2,500+ sf third floor penthouse face the ocean. The three ground floor 2-bedroom units open out onto large private patios which offer indoor-outdoor living and direct beach access. The four third-floor studios enjoy wonderful views over Mission Bay. PLEASE DOWNLOAD ATTACHED 32-PAGE OFFERING MEMORANDUM FOR COMPLETE DETAILS ABOUT THIS UNIQUE PROPERTY.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.1538
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Property Type
Commercial Sale
Exterior
-
Garage
No
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Construction Materials
Block, Frame, Stucco
Financial
-
Sales Price
$10,500,000
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Robert Vallera , Vallera Investment Properties
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